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Analysis and modeling of recent business failures in Greece
Author(s) -
Papoulias Costas,
Theodossiou Panayiotis
Publication year - 1992
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090130208
Subject(s) - insolvency , logit , probit model , creditor , probit , business , business model , linear discriminant analysis , multivariate probit model , economics , actuarial science , econometrics , finance , computer science , debt , marketing , artificial intelligence
This paper provides an analysis of recent business failures in Greece and presents models for detecting financially distressed firms. Logit, probit, linear probability model, and linear discriminant analysis are used for developing these models. Potential users of the models include the banking system, corporate creditors, regulatory agencies, and investors in Greece, the European Economic Community, the USA, and other countries. These models expand the tools used by international and domestic investors to measure Greek firms' risk of insolvency.